Proshares Ultra Nasdaq Biotechnology (BIB) Enters Oversold Territory
March 28, 2014 at 15:48 PM EDT
In trading on Friday, shares of the Proshares Ultra Nasdaq Biotechnology ETF (BIB) entered into oversold territory, changing hands as low as $74.88 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100..